Sir John Sunderland, the senior businessman and former CBI president, has been appointed chairman of the Financial Reporting Council’s (FRC) Corporate Governance Committee.
The committee monitors the operation of the Combined Code on Corporate Governance and reviews developments in UK corporate governance.
“As we learn the lessons from the financial crisis it is important that companies increase their accountability to shareholders and nurture boardroom talent to ensure the UK remains an attractive and competitive place to do business. I am pleased to be able to make my contribution to corporate governance reform at such an important time for the UK economy,” Sunderland said.
Baroness Hogg, FRC chairman and Sir John’s predecessor as chairman of the Corporate Governance Committee, added: “Sir John’s experience as one of the UK’s leading businessmen will be of enormous value to the FRC as we seek to build consensus for corporate governance reform among company directors and shareholders.”
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